Funding & Deal Highlights:
Omada Health scores $57M as the coronavirus pandemic sparks investor interest in health tech. Omada Health, which provides digital tools for people with chronic health conditions to change their behavior, raised $57M and spent an estimated $30M of the round acquiring Physera. Investors are clamoring to get behind the space, as regulations loosen to make it easier for providers to bill for virtual care visits. Physera specializes in virtual physical therapy.
Octant launches with $30M Series A financing. Octant, Inc. is a synthetic biology drug discovery company designing small molecule, multi-target drug leads for multifactorial diseases. The Series A financing was led by venture capital firm Andreessen Horowitz. Additionally, Octant is responding to the global call for collaboration by open-sourcing part of its platform under the Open COVID Pledge for use in the COVID-19 pandemic. The company has shared these technological repurposing efforts for viral detection and a new protocol called SwabSeq.
Koch Engineered Solutions acquires DarkVision in move to develop integrated asset integrity platform. DarkVision's core capabilities include in-house expertise in software (visualization and image processing), hardware (acoustic transducer arrays), and electronics (custom designs to link hardware and software). These advanced capabilities have broad applicability beyond DarkVision's current commercial offering serving the downhole oil & gas space. Packaged into a single robust solution, DarkVision serves customers in a variety of end-markets such as public infrastructure, energy and pipelines, power (renewables and conventional), aerospace, manufacturing, and automotive.
MasterClass raises $100M in Series E funding.
Operations management company BetterCloud attracts $75M.
Consent-based identity management system Truework scores $30M Series B.
Aqua Security, which protects cloud-based apps, picks up $30M Series D.
S.F. unicorn Samsara raises $400M at lower valuation, cuts 300 employees.
Seattle marketing startup Tune acquired by Canadian tech company Constellation Software.
Panasonic takes stake in PE-backed Blue Yonder.
Insightful Science acquires Cytapex Bioinformatics, adding clinical solutions to its growing portfolio of category-leading scientific software.
Bain Capital invests in Broadstep Behavioral Health.